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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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CEF faces probing questions from lawmakers on plan to revive refineries

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The Central Energy Fund (CEF) group of companies faced sceptical questioning this week from lawmakers over plans to revive the Sapref refinery in Durban and PetroSA’s gas-to-liquids (GTL) refinery in Mossel Bay. During a marathon session of the Portfolio Committee on Mineral and Petroleum Resources held to deliberate on CEF’s delayed 2024/25 annual report, CEF chairperson Ayanda Noah stressed the importance of the two refineries to the future of the group, as well as the recently formed South African National Petroleum Company (SANPC).

Ramaphosa leaves Bi-National Commission with Mozambique having inaugurated new gas facility

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Concluding the fourth session of the Bi-National Commission between South Africa and Mozambique, President Cyril Ramaphosa and Mozambican President Daniel Chapo jointly launched a domestic gas processing unit built by Sasol which will reduce imports of this product by 75%, vowing to explore new vistas of opportunity and possibilities for both countries. Speaking at the Bi-National, in Maputo, Ramaphosa said the two countries agreed on the need to implement decisions, identify opportunities and explore investment avenues for mutual benefit. Ramaphosa explained that the launch of the $1-billion Integrated Hydrocarbons Infrastructure Facility, located in Inhambane province, exemplified how neighbouring countries can collaborate effectively and said the project also illustrated how public-private sector partnerships could be used successfully.

Index reveals encouraging uptick in business confidence

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Following two consecutive quarters of declines, the Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) rose by five points to 44 in the fourth quarter of this year, putting confidence three points above its long-term average. This means that 44% of respondents are satisfied with prevailing business conditions.

Polyco’s Packa-Ching initiative pays out R50m, diverts 41m kg of waste from landfills

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Polyco’s Packa-Ching community recycling initiative has paid out more than R50-million to South African communities, and diverted more than 41-million kilogrammes of waste from landfills. Packa-Ching managed this through mobile and static buy-back centres in underserved communities where there is no recycling infrastructure.

Automotive market races to 11-year high as Chinese brands boom in ‘structural reset’ ...

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South Africa’s automotive market in the third quarter posted its strongest sales in more than a decade as greater macro-economic stability, easing interest rates and a firmer rand supported renewed consumer demand, says TransUnion. According to the information and insights company’s Third Quarter 2025 Mobility Insights Report, total new-passenger-vehicle sales reached 111 697 units – 23.4% higher year-on-year (y-o-y) – while new-vehicle inflation dropped to a record low of 1.5% (since tracking began in 2008).
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